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is all this rain cutting into holiday shopping and affecting the economy? cbs 5 reporter elizabeth cook has that part of the story. >> reporter: just some on and off drizzle here on walnut creek. earlier today the east bank was pummeled with two and a half inches of rain. it's still bustling with business. some small businesses are worried that could all change by this weekend. >> big storm even bigger headache. as commuters try to navigate their way through the rain maintenance crews just try to keep up. >> we've been pretty busy. a lot of flooding. >> a clogged storm drain at this shopping center left shoppers no choice but to wade through knee deep water to get to their cars. visibility was so bad in oakland a man almost fell off his bike when he couldn't see the sidewalk. chp crews had their hands full including a spin out on highway 24 and an uprooted tree on saint stevens drive. a heavy tree limb landed on a van while it was going down wildcat road bending the roof and blowing out the windows. the two people inside were shaken but not hurt. in walnut creek instead of watching the
,000. >>> stocks edged lower on fears the threat from the fiscal cliff might put a damper on the economy. the dow is down 59 to 12,965. the nasdaq is down 8 at 3,002. the s&p is down 6 at 1,409. coming up at 5:45 p.m., car sales reach a level they haven't seen in years. plus the potential impact the fiscal cliff could have. >>> mitt romney is back at his old job. he is rejoining the board at mareiate international -- marriott international. they have a long standing friend ship. >>> coming up, we have shown you this sink hole developing, what they are doing get things back to order in this neighborhood. >> a nice break today. the rainfall ending, giving us a break but there are more showers headed our way. i will have the timing on the showers in 10 minutes. how do you do that? well, inside the brewer, there's this train that's powerful enough to carry more coffee and fresh water to make coffee that's stronger and bigger... and even hotter! actually, i just press this button. brew the coffee you love -- stronger, bigger, or hotter -- with the keurig vue. u-verse high speed internet. you know, in
that show america's economy is growing faster than we thought. what's causing the surge? we'll look at that tonight on the "cbs evening news." someone who walked into this store in phoenix, arizona cd >>> ticket comes out of here. and it was that simple for somebody to win 200 whatever million they won. >> yeah. this much we know. somebody who walked into that store in phoenix, arizona is a multimillionaire. the other winning ticket for powerball sold in dearborn, missouri. the winners haven't come forward so we don't know how many people are splitting the prize. the jackpot reached $580 million before last night's drawing. and with the powerball saga being the talk of the nation, californians may feel left out. but a vote came down to sell starting lottery tickets in california in april. cbs 5 reporter anne makovec reports. >> every week twice a week super lotto, megaand even fantasy also. i try my luck. >> reporter: there is no shortage of dreamers in california. >> we give like 10 bucks a month and then we combine it. >> reporter: and we just had a winner in the bay area. ocean
company were disappointed with the decision. oyster farming has been part of the local economy for more than a hundred years. >> we are staying on storm watch. live look at 7 hd. rain is falling in ukiah, cloverdale and santa rosa. forecast is just ahead. >> also ahead, a truck driver slams into a used car lot. tell you about bizarre cause of this accident. >> plus, two big winners. record powerball jacked. >> and later, an act of kindness. online sensation it has become today. >> coming up to 4:09 on thursday afternoon. first check on traffic. downtown san francisco, this a live look at the sky way. it's very heavy heading into the east bay. not all that much better heading southbound toward >>> in alameda county the driver of a big truck that smashed into a used car lot is blaming the wreck on a sneezing fit. caltrans cleaned up the oil snail was caused by the accident. the driver of the dump truck lost control while sneegz and crashed into a car lot. the driver was not cited. >>> a bankruptcy judge gave final approval for hostess to sell its assets. the maker of twinkies it's been in
economy why don't we consider it? >> we won them to tell the american why they won't do it. >> the democratic controlled senate has are the agreed to extend the bush tax cuts for incomes under $250,000 but let the other tax cut expire. it is predicted their rugby at least a short-term deal released before the end of the year. >> of when it comes to a president's second inauguration at the crowd tends to be smaller. that will be the case again this january. the cross the present obama as inauguration on january 21st will be close to 800,000. that is the estimate right now. that is down quite a bit from the 1.8 million people crowded the national mall and 2008. >> i think that is san jose 1 01 northbound on the right-hand side. the commute has not started much, it looks fine. we will be right back. it looks like a positive day of trading the dow was up four points on friday. the nasdaq was up 1/2%. in national stockists stocks are on the rise. the institute for supply management releasing monthly manufacturing data for the u.s.. a committee of british lawmakers say in most ma
. it was estimated that the strike cost the local economy a billion dollars a day. >> as we take a break. when i take a picture of this check, it goes straight to the bank. oh. oh look the lion is out! no mommy no! don't worry honey, it only works on checks. deposit checks from your smartphone with chase quickdeposit. just snap a picture, hit send and done. take a step forward and chase what matters. your season is here. let's just call it the baking time of year. you need special ingredients. you need the staples. that's a given. you need safeway sugar for just $1.97. and that magic thing that makes everyone want another -- only $2.99 for challenge butter. and when hands get messy, quite surely they'll say, "yum! wow! yay! butter. what a sweeter holiday." safeway. ingredients for life. >> mall come back.along with the there was an accident at silver and there is there recent crash just before cesar chavez is still slowing down the commute. this am bound for weigh is starting to move a little better but it is still slow all the way from octavia street. there is also a report of flooding a rounaround
soon because of our declining economy. >>> head coach dennis allan will be back with the team. allan came back to the bay area from texas and spent final moments with his father. grady allan died tuesday at the age of 66. >>> and 49ers take another step closer to finishing their stadium. coming up, the signing ceremony will mark a very special occasion. >>> and right now checking on traffic, there is definitely some fog out there. tara sees it on the san mateo bridge. >>> we saw some of it in that area and it is in patches and doesn't seem to be too bad. that is so we just want to make sure folks are aware of it and we will head out to the toll plaza. that is the most congested spot. we see a fire truck and we have a wait here which extends almost to the mcarthur maze, so give yourself an extra 15 minutes to get to san francisco. you can see traffic is moving nicely in both directions here and then in the south bay, this is 237 milpitas, folks are headed westbound towards sunny veil and it's a little bit of a delay, here is steve. >>> well, at least the rain is done, there is midst a
that's wa ood for the american economy is that a group of republicans weade they're going to block e's increase in tax rates on wealthy americans. >> reporter: geithner says he's optimistic a deal is possible. even as a key negotiator tells bs news the deadline to reach 15tromise is december 15th. e foress needs time for the rocessative process to work. to the house and senate to pass presidentnd for the president to sign it by december 31st. >> right now i would say we're eportee. period. we're nowhere. >> reporter: calling the president's plan to avert the asking fiff a nonserious proposal. th ohe president is asking for $1.6 trillion worth of new revenue over ten years. twice as much as he's been asking for in public. excee stimulus spending in here wast exceeded the amount of new not ahat he was willing to consider. it was not a serious offer. > i think we're going over the cliff. it's pretty clear to me they've ode a political calculation. this offer doesn't remotely deal with entitlement reform and a way to save medicare and medicaid and social security from imminent bankruptcy
toll it's taking on the economy. >> and a big sinkhole in the ground and a new storm on the way. we are learning how long an east bay neighborhood could have to live with this mess. >> and we're live in san francisco where all muni trains are back up and running after a power outage caused all of them to shut down last night. i spoke with the muni spokesman on the phone who says how they were able to get back up and running so quickly. ,,,,,,,, look at you guys with your fancy-schmancy u-verse high speed internet. you know, in my day you couldn't just start streaming six ways to sunday. you'd get knocked off. and sometimes, it took a minute to download a song. that's sixty seconds, for crying out loud. we know how long a minute is! sitting, waiting for an album to download. i still have back problems. you're only 14 and a half. he doesn't have back problems. you kids have got it too good if you ask me. [ male announcer ] now u-verse high speed internet has more speed options, reliability and ways to connect. rethink possible. you won't take our future. aids affects us all. even babi
that the combination of the tax increases and spending cuts could de real the recovering economy. despite some initial sounds of cooperation after the election, the president and the house speaker john boehner do not appear close to a deal. kron4 catherine heenan explains. >> every family in america will see their income tax automatically go on january 1st. every family that means everyone here will see their taxes go up on january 1st. i am assuming that this does not sound too good to you. >> we know that when the treasury secretary issued the proposal to republicans they laughed. house speaker john banner stated that the ideal of boosting would be a crippling blow to the economy. >> let's not kid ourselves. the company cannot or sure they all for this. >> the key sticking point is taxes. democrats want to extend the bush cut for the middle class. republicans do not want to tax rate increase on anyone. the right hothe white house hopes tt if the president is taking this to the public and this will have congress act. the real negotiation is going on behind closed doors with just 32 days left. there a
to squeeze every last dollar out of a shaking economy. >>> new boots became an instant online hit but today a homeless new york city man is back on the streets and barefoot. the "new york times" found the man identified as jeffrey hillman wandering barefoot in manhattan last night. when asked about the $100 boots that a new york city officer was seen giving him, hillman said he had hit them because they are worth a lot of money. hillman told the reporter he was grateful for the gift but was also wants a piece of the pie apparently saying the photo of him receiving the boots was posted online without his permission. it was an arizona tourist who witnessed the gift-giving. her photo went viral after it was posted on facebook. so... he wants a piece of the pie. >> i guess. what does that mean? >> he got boots. he should be happy with that. >>> let's check the weather. >> we can relax for a day after stormy weather around the bay area. we are catching a break between all those storms and we can use it. you know what, hi-def doppler has been very busy but right now very quiet as there are no rai
. but what are they doing about it? >> at the top of the wish list, a deal to a voice sending the economy over the fiscal cliff. >> my hope is to get this done before christmas. >> today, the president joined by middle income earners reaching out to the administration about keeping taxes low. >> if congress does nothing, every family in america will see their taxes go up at the beginning of next year. >> the white house is urging americans to use social media to push congress to act. keying in on $2000 tax increase going into affect next year for the average family of four. >> what is that again? my two? k. tweet use, my 2 k or e mail. post it on member of congress's facebook wall. do what it takes to communicate a sense of urgency. >> they may not agree on details but house speaker john boehner and house minority leader agree on one thing. failure is not on the table. >> going over fiscal cliff will hurt our economy. >> boehner said republicans are committed to a compromise. >> rinz are willing to put revenue on the table. >> so hard ball politics were left to house majority leador eric
. economists fear if washington can strike a deal the economy will fall back into recession and employment will shoot up. tahman bradley, abc news, washington. >>> sarah palin stepped out on the red carpet -- nancy pelosi stepped out on the red carpet for a night of glamour she strolled before photographers at last night's kennedy center honors she talked about efforts to resolve the impasse. >> this is not a night of politics and policy, but since you asked, yes we think it would be a wonderful christmas gift to the american people for the middle class to have a tax cut come january. >> pelosi says she will try to force a house vote on a senate passed bill to break the deadlock. >> the kennedy center on -- -- they received the nation's highest award. >>> let's look outside good morning. good news, it is dry this morning as we look down on some of the clouds hanging around some of the fog trying to form as we look from mount tamalpais this morning. the key is it is trying to form, right now too many high clouds out there, that's keeping the fog from forming. here's a look at live doppler,
billions of dollars according to economic forecasters. that's a big blow to an economy just getting out of a crisis. >> the strike is not only costly to the economy, it could also delay shipments of merchandise to be shoulder over the holiday season. >>> time now 6:40. tech gadgets are the hot items on this year's wish list. cnet's brian cooley is here to break down the top picks. >> the early numbers on the stock market a mixed bag. lots of time though. we'll chat about it with jason brooks when we come back. be at bank of america, we're continuing to lend and invest in the people, businesses, and organizations that call the bay area home. whether it's helping a nonprofit provide safe, affordable housing within the city, supporting an organization that's helping kids find jobs and stay in school, or financing the expansion of a local company that's creating healthier workplaces, what's important to the people of the bay area is important to us. and we're proud to work with all those who are making our communities stronger. powerful typhoon in the philippines. typhoon bop (boe-pah) roar
as proved in proposition 30 could have on state economy. abc 7 news joins us live now with the story. nannette? >> well, higher taxes are not expected to be a major hit to the economy. if you're looking for a job it's hard to hear about a possible slow down in highering. governor brown got voters last month to approve proposition 30. a temporary income tax increase and a boos0qz the sales tax to save public schools. but a new anderson forecast called it a double edged sword because that will have a slight drag on the committee, slowing california growth. >> republicans have been saying that sometime. it change behaviors. it's dampening economic recovery. >> the forecast estimates payroll growth hovering between 1% and 2% in next two years. it predicts the rate will average 10.5% by the end of the year, then improve to 9.7% next year with the jobless rate around 8.4% in 2014. >> jerry shelton is a school finance consultant and says the report doesn't take into aif the kth what would have happened if voters rejected prop 30. $6 billion in cuts, mostly to public education. he thinks$c]b
a number of positive signals on the economy. consumer spending did pull back in october according to the commerce department by 2/10 this is the of a percent following an 8/10th of a percent of gain in the previous month. superstorm sandy depressed spending. unless holiday sales soar over the 4th quarter it's going to be tough for the economy to continue the gain of 2.7% that the commerce department reported in the 3rd quarter yesterday. stockton focused on any talks out of d.c. -- stock market focused on any talks out of d.c. on the "fiscal cliff." the dow over 13,000. pretty modest start to the day today. right now the dow is up by 5 points. nasdaq though falling by 3. s&p down by one. social game maker zynga getting hit hard after announcing it and facebook are changing their partnership. zynga down 7.5%, facebook down slightly. back to you. >> thank you, jason brooks with kcbs and cbsmoneywatch.com. >>> a tale of two uncomfortable pairings. first the san francisco 49ers with two starting quarterbacks. and a power lunch between the president and his former republican rival. >>
is if there is a another way to get revenue from upper income americans that does not hurt our economy why would we not consider it. >> the president wants to in the bush era tax cuts for people making more than a quarter of a million dollars per year. the average middle-class public to pay about 2000 a year more in taxes. >> there is no reason why 98 percent of americans have to see their taxes go up because some members of congress on the republican side want to block tax rate increases for 2 percent of the most wealthy americans. >> nancy pelosi pushing for a house vote. >> we think it would be a wonderful christmas gift for the american people to receive a tax cut in january. >> we are optimistic. >> republican senator linda grant is pessimistic sang that it is a joke. >> the clock is ticking. i am andrew spencer reporting. >> we will take a quick break on the kron for morning news will have more headlines. in the meantime here are some of your pictures from this weekend's storm. send us your pictures and keep them coming fifth the e-mail address to send it to is for breaking news at kron4.com.
the u.s. economy $1 billion a day. >>> all right, roberta gonzales. in for paul deanno, good to see you. >> always good to see you, dana and allen. [ laughter ] >> both of you. i think you guys just allowed me it come in to dry off for a couple of days here after a soaking week. boy, today did we have plenty of precipitation around the bay area. good evening, everyone. let's go ahead to berkeley where today, nearly 9/10ths of an inch of rain fell just today alone so people were out and about with their umbrellas and everybody has been asking, what does this mean for the high sierra? this is our weather camera in the greater lake tahoe area. we did have two feet of snow above 7,000 feet but for the most part high temperatures there today was in the upper 40s. a very warm storm. but right now, it's live, it's high-def doppler radar. it's still picking up some very light precipitation. primarily around highway 101 for the evening commute. anywhere from morgan hill all the way into gilroy but that's it. the system is out of here after producing some copious amounts of rain today. a third of
: the economy likely created just 80,000 new jobs last month down dramatically from the 171,000 in october. the unemployment rate could inch up to about 8%. we were at 7.9% last month. this falloff in job creation is likely due to a combination of the effects of superstorm sandy but also worries over the "fiscal cliff." >> jill, when can we expect to see the sandy-related impact diminish? >> reporter: to gauge the effect i went back to the data after hurricane katrina. katrina was a larger storm but sandy struck an area with a larger population so i think the impact on employment might look pretty similar. it took two months after katrina to return to the previous trend job growth. that means that hopefully by january, things should settle down in the data and we'll have to endure a couple of rotten months on the way. >> there we go. and we have this thing that "fiscal cliff," that so-called "fiscal cliff" "fiscal cliff" that we're sick of. how is that going to impact the whole job situation? >> reporter: you know, for a while it looks like it wasn't going to but in recent surveys we see t
businesses to be the last things cut. they're the fabric of the country and economy. so want to stress that to them. how important this has been for us and others too. >> he admits the small business benefited from incentive programs. now they have 31 employees. >> new jersey governor says super storm sandy caused $37 billion in damage to his state saying 30,000 homes or businesses were destroyed or sustained damage. he's requesting $37 billion from the federal government. >> and a new un climate change report out says sea level could be prizing -- rising faster than thought. that is especially troubling for those of us living and working near the edge of the bay. and more on the flooding dangers that could be around the corner. >> at high tide this submerged staircase is an erie reminder of the inches separating dry land from water. in 2008 bay waters flooded streets and sidewalks like they did in twut. the united nationspfip level sea levels are rising faster than predicted. >> today's flood going to be tomorrow's high tides. and so we need to get ready for changes, a deeper bay. a b
. they will talk tomorrow about ideas reviving the economy. president obama said that he would reach out to mitt romney and hold that private meeting after the election. today the president met with yahoo ceo marissa myer. she is trying to avoid the fiscal cliff. and she told a reporter, quote the baby has been way easier than everybody made it out to be. 37-year-old added she had an easy pregnancy and two-year-old son has been easy. she is very clear on her priorities, god, family and yahoo in that order. in the five months she has been in charge and yahoo took has hit 52 week highs. >> as we continue. search for robbers in a outrageous jewelry heist. we hope the video will help track them down. a helicopter flight and experimental technology for medical transplants. medical transplants. a when i take a picture of this check, it goes straight to the bank. oh. oh look the lion is out! no mommy no! don't worry honey, it only works on checks. deposit checks from your smartphone with chase quickdeposit. just snap a picture, hit send and done. take a step forward and chase what matters. >> dan: good
would be a 'crippling blow' to the economy. >> ".we're at a stalemate.. .let's face it...." >> "vhope that's a figure of speech. shouldn't be talking about a stalemate." we should not even think of that term of a stalemate. >>catherine: the key sticking point....taxes. democrats want to extend bush-era tax cuts for the middle class...while allowing rates to jump republicans don't want a tax rate increase on anyone. period. the white house is hoping that the fact the president is taking his case to the public will help build momentum....and pressure congress to act. of course the real negotiating is going on behind closed doors.. and with 32 days before tax hikes and spending cuts kick in....there are few signs of progress... catherine heenan, kron 4. >> congressional insiders that a deal could be reached before the deadline we will be right back. ♪ aids is not going to take my baby. ♪ aids will not take our future. ♪ our weapons are testing... education, care and support. ♪ and aids... ♪ aids is going to lose. aids is going to lose. ♪ >> the violent rampage in wyoming that
technical concerns, the global economy and today's court hearing in the battle against samsung for yesterday's drop. >>> a gay blocker will be there because of a controversial photo, we will have more on what a judge has ordered. >>> a new perfect fume that could make you hungry, we will have more on the fast food chain that is launching the product, stay tuned. ñsxóxgñ . >>> welcome back to the ktvu channel 2 morning news, a new jersey congressman is calling for tighter regulations after that derailment and chemical spill. they say they cannot regulate themselves and they say the crash released vinyl chloride into the air and forced many people from their homes. >>> they will continue to collect and sort items. now the city said ash bury is going to shut down and workers say they have now been told to comply. he took a photo as he pleaded not guilty to disorderly conduct and skott weaner was found inside a bathroom last october. he criticizes him and that photo did not overstep any boundaries. >> we will be fighting this case and i think that despite the case, we are talking fundamentall
're comfortable with. we came in at a number of 370,000 we should be able to create jobs. our economy moving slightly higher. let us talk about apple. i will say apple is down 50% in the last three months apple is over $700 per share. >> it is 528 per share is down another 2%. >> what is going on at apple. >> are they going to go to the 0.0% are they going to go to 23.8, 49%, 44 percent, we do not know. republicans --this is a senate story a senate and congress store. apple a congress story. >> yes that makes sense. >> one of the biggest run ups--when the stock market pulled back on capital gains by the stock. if you want is them gratification it is not for you. i believe it is one of the lowest value companies. >> brian williams asking what is the next product. >> he says well when i wonder in my livermore and he says i see a tv. >> we're waiting for the next big thing in the apple field. >> i can tell you this a valuation basis i can pick the stock with my eyes closed. why have they not done a special dividend yet. it is kind of upset wall street. >> are they a victim of their own success.
deadlock in washington is already starting to impact the economy. the institute for supply management says benefactress in the u.s. shrank last month. monday-- market futures for to date indicate a negative start to wall street. here is a look at yesterday's closing numbers. the dow dropped 60 points to fall below 13,000. nasdaq also fell eight points. and the s&p 500 lost close to seven. >> knows corp. says its shutting down the daily. the first most of our available exclusive for tablets devices. because they are not enough readers. this is video from the news that its debut in february 2011. it was initially available only on apple ipad, then expand to other tablets. the daily 100 employes are expected to be moved to other news operations publications. the paper is expected to release its last issue on december 15th. the move comes at--as ceo rupert murdoch appears to break news corp. into two companies. >> and internet virus is expected to the blocking side tumbler. many news organizations--storm affected many organizations tumblers, includingn reutersm, entertainment weekly, and usa t
. immigrant can help build a dynamic tomorrow. not only to immigrants help build our economy than in big rig our solo. >> (cheers and applause) mr. bush said american be a lawful and welcome in society at the same time. the time is 4:43. we will be right back on the kron 4 morning news with your news, headlines, traffic and weather. >> we will be right we are back at 4:45. officials say more than 200 people are dead after a typhoon hit the philippines. here is some of the pictures of that storm ravaged compancountry. dozens of others are missing characters are struggling to reach remote areas in the southern philippines after a powerful typhoon slammed intov min danao. the typhoon rig up trees and houses with winds reaching for near 10--near 100 in moscow our dream was lights flashing floods. 110 miles per urhour . >> we are catching a break in the bottle some light rain for petaluma. we did see heavy rain in our last report--novato. we are picking up moderate to heavy rain indicated by the yellow on your screen right around san palo stretching to berkeley. there is rain at the highway 480
economy. it's why it's not the right approach. >> reporter: obama administration officials will look for some middle ground in separate meetings with boehner and other congressional leaders on capitol hill thursday. danielle nottingham, cbs news, washington. >>> even though it's too late to cash in on tonight's powerball jackpot, when california might get into the game. >> the fallout at apple from the misfire on maps. ,, ,,,,,,,,,,,,,, tonight, after making her 1- million dollars richer! ye] nguyen claimed h >>> a milpitas woman is thanking her brother tonight after making her $14 million richer. she claimed her super lotto jackpot prize today but it was her brother who bought the winning ticket in september when she couldn't get to the store. so now she is planning to share her winnings of course with her brother and family. >> better! >>> california may add powerball to its lottery games. but unfortunately, not in time for tonight's half billion- dollar jackpot. hopefuls were lining up for the that little piece of paper that could change their lives. tickets are selling at a rate
,000 jobs. >> also this morning the u.s. economy grew at a 2.7% rate from july to september. that is up an initial estimate of 2 percent even. this is the best performance in five years. data shows the company built more to build up inventories. the u.s. trade deficit narrowed as well. >> apples, itunes music software could launch as early as today. this is the second eight of the self- imposed deadline. the original overall was slated for last month. the original overhaul was september of 2010. >> we will have a complete check of weather and traffic we're watching and waiting for the storm system. here is a live look from the south they were traffic 1016 to slow down a bit. the camera is shaking so we know that it is windy as well. it will take a look at traffic and will come back to the kron for morning new striking a hot spot on the nimitz freeway. oakland a big rig was just cleared from the lanes northbound at from fail. it managed to block things long enough that it back up the traffic into san leandro. it has pushed the drive time to 20 minutes from 238 up 2980. it has added about
in chevron. >> reporter: perhaps that's why veterans are faring better in this sluggish economy. labor statistics show the percentage of unemployed veterans is a whole point lower than the rest of the workforce. helping these numbers, a commitment from several major companies to hire 100,000 vets and military spouses by 2014. still, it's an uphill climb to get a job at all and for those recently returning from combat, it's a big adjustment back to civilian life. >> every veteran has a story to tell. they have so much experiences that they went through with the military. and civilian world just doesn't understand that as much. >> remember, these are veterans of all wars. the labor department says the news isn't so good for younger veterans of the iraq and afghanistan wars. unemployment for them was 10% in october. well above the national rate of 7.9%. >>> ocean beach preparing for the storm and city workers want to make sure... [ indiscernible ] we'll have that story coming up. >> and president obama's private lunch with mitt romney. what they talked about and what they ate. i play the
report set the stock markets higher. the dow gained 36, nasdaq gained 20. the economy is growing at a healthier rate than expected and unemployment applications fell. shares of san francisco based zynga took a hit after it and facebook changed their relationship. the company will no longer have to use facebook ads. and facebook will not be the exclusive site for zynga. shares were selling for $2.30 after being up before that news broke. >>> a bankruptcy court gave hostess approval to wind down operations. it's estimated more than 100 panes want to make twinkies, double dogs and ding dongs. >>> a woman found screaming in a interception was high on bath salts. the department is cracking down on the sale of synthetic can c -- canabanoid known as spice. bath salts have been linked to suicide and bizarre behavior. >>> san jose police say six men and one woman accused of fighting with officers at a house party last weekend are being charged with felonies and gang enhancements. officers arrested 42 people last friday night at this house on pat avenue. police say people threw things at
gained 36, nasdaq gained 20. the economy is growing at a healthier rate than expected and unemployment applications fell. shares of san francisco based zynga took a hit after it and facebook changed their relationship. the company will no longer have to use facebook ads. and facebook will not be the exclusive site for zynga. shares were selling for $2.30 after being up before that news broke. >>> a bankruptcy court gave hostess approval to wind down operations. it's estimated more than 100 panes want to make twinkies, double dogs and ding dongs. >>> a woman found screaming in a interception was high on bath salts. the department is cracking down on the sale of synthetic can c -- canabanoid known as spice. bath salts have been linked to suicide and bizarre behavior. >>> san jose police say six men and one woman accused of fighting with officers at a house party last weekend are being charged with felonies and gang enhancements. officers arrested 42 people last friday night at this house on pat avenue. police say people threw things at them when they showed up to investigate reports of
spending since may. it makes up 7% of the u.s. economy. this drop makes up for it an $18 billion drop in spending. we also saw personal incomes flat in the month of october. the dow has been fairly flat today. apple has begun selling factory unlocked iphone fives in the u.s.. it starts at $649 for the 16 gb version. pompous 64 gate versions add an extra 100 to $200. shipping times are estimated at one week and limners limits on orders are 2 per customer. we'll be right back as the crime for a news continues. here's a look at the bay bridge with traffic very slow right now. the power outage caused a metering lights to go out and that cause a backup. and the power outages around the bay and a live look at san francisco. when to wipers are getting a workout but the relief heavier rain we had earlier is done. it still looks pretty heavy and a lot of spots. >> it is not improved very much, especially in the east bay. we have had rain for highway 24. the san ramon valley and the antioch area. this is the wider view on storm tracker 4 and i want to get a quick look at rainfall rates for you.
on the economy as the high stakes political poker game plays out on capitol hill. it's all coming up on abc this week with george stephanopoulos right here on abc7. >>> a san francisco man and his lost service dog are back together this morning. it's a story you will see only on abc7 news. >> good girl! oh, my sweetness! >> we first brought you the story nearly two weeks ago after someone stole his best friend and constant companion from outside the davis medical center. he took lola, a four-year-old yorkshire terrier everywhere, including to his dialysis appointments. his neighbor tracy took up the cause to find lola and got an e-mail yesterday. >> a woman said i found a dog running around lake merit in oakland and i could tell it was probably lost. i brought it home and i think it's your dog. >> thank you everybody so much! >> and it was, indeed, lola. the woman who found the dog called us first, and we gave her the neighbor tracy's e-mail. so quite the reunion there. we are so happy for him. lisa argen, our meteorologist, is here. this is a morning to really concentrate on the weather. >
and across the board spending cuts will take effect. that could plunge the u.s. economy into another recession. >>> people on both sides of the controversial same sex marriage issue will be closely watching the u.s. supreme court this morning. just an hour and a half from right now the high court is due to release another list of cases. coming up at 5:15 what it will mean if california's proposition 8 is on that list and what it means if it's not. >>> muni and other agencies are thinking about a controversial plan when it comes to their fair rates. muni is considering basing how much people pay on how much money they earn. according to the examiner some people don't think it's fair that people who are struggling to pay their bills have to pay $64 for a monthly pass while senior citizens who have more money are only paying $22 for the same fair. now this newest plan was triggered by the debate over providing free muni passes to low income youth. >>> 5:04 is the time. we are still talking about that accident in livermore. let's go to tara. >> this is on 580 eastbound. it happened at fl
of southern california economy so those cuts would develop effect there. >>reporter: this afternoon speaker of the house boehner delivered the g.o.p. proposal. which would reduce the national debt by 2.2 trillion dollars including 800 billion in new tax revenue but would leave the bush tax cuts to the top 2% in place. photo op today the president ignored reporter questions about that republican plan but later in a statement the white house rejected it. we believe a deal will be struck before the deadline and it will be the republicans that give ground. >> i think this time around obama has learned from his past mistakes and more importantly he has the advantage that if he does nothing he's in better shape than the republicans are. >>reporter: professor says republican holding the middle class hostage trying to force the president hand. problem is they can't afford to carry out the threat. if the g.o.p. is blamed for raising taxes on everybody because they were trying to protect the rich, be putting themselves in a dark hole. in the newsroom, abc 7 news. >>> let's go over seas to syr
an agreement. the mayor says the strike is costing the local economy billions of dollars. >>> in egypt today huge crowds gathered outside the presidential pal toys protest what they say is the government's abuse of power. more than 100,000 egyptians took part in the protest breaking through bashed wire around the palace. a nationwide referendum on the controversial draft constitution is set for december 15. egyptian media will shut down tomorrow to join the protest. >>> nato members agreed today to deploy a patriot anti- missile system in turkey to protect the country against any crossfire from syria. this comes as syrian rebels released a video reportedly showing air attacks by government fighters and heavy damage to buildings in damascus suburbs. the obama administration is hoping that russia will goin the international community in forming a coalition against syria's president. >> we want to work with russia as we've said many times on the bases of the gene eva action group's c miewn kay. >> nato's secretary-general also echoed warnings by president obama against the use of chemical weapo
is quote, absolutely ready to let the economy go over that cliff, rather than drop the higher tax rates for top earners. president obama also told a group of ceos, he won't republicans inject the threat of a government default into the current negotiations. >> that is a bad strategy for america. it is a bad strategy for your businesses, and it is not a game that i will play. >> in spite of the rhetoric, president obama and house speaker john boehner did speak by phone today for the first time in days. neither side is revealing what they discussed. >>> on wall street, stocks ended mixed with a fiscal cliff. the dow industrials gained 82 points amid optimism about a deal in washington perhaps in the next week. the tech heavy nasdaq fell 22 led lower by apple. its shares were 6% lower. apple's largest loss in a year. apple shares lost $37 to close at 538 and change. still apple stock is up more than $100 since the start of the year. >>> meantime, citigroup announced plans to cut 11,000 jobs, or 4% of its workforce. the company says the cuts will save more than $1 billion a year. the bulk o
the economy go over that cliff, rather than drop the higher tax rates for top earners. president obama also told a group of ceos, he won't republicans inject the threat of a government default into the current negotiations. >> that is a bad strategy for america. it is a bad strategy for your businesses, and it is not a game that i will play. >> in spite of the rhetoric, president obama and house speaker john boehner did speak by phone today for the first time in days. neither side is revealing what they discussed. >>> on wall street, stocks ended mixed with a fiscal cliff. the dow industrials gained 82 points amid optimism about a deal in washington perhaps in the next week. the tech heavy nasdaq fell 22 led lower by apple. its shares were 6% lower. apple's largest loss in a year. apple shares lost $37 to close at 538 and change. still apple stock is up more than $100 since the start of the year. >>> meantime, citigroup announced plans to cut 11,000 jobs, or 4% of its workforce. the company says the cuts will save more than $1 billion a year. the bulk of the jobs are in global operations. i
report. >>> dire warning about what would happen if the u.s. economy goes over the fiscal cliff. survey says 1 1/2 million americans could lose jobs if lawmakers fail to come to agreement automatic spending cuts and tax increases are triggered inside. nationwide insurance warning computer network hacked names, birth dates, social security and driver licenses numbers likely stolen nationwide is apologizing and offering identity theft profession for years. hostess may have a buyer for its wonder bread bran. even with the sale, it could take -- take months before the bread brand wraps up again. >>> estimated 300 million dollar magic kingdom make overincludes pagers so and serving beer and wine themó?5to past five years. >>> abc7 is owned by disney. >>> big change that could be coming to storm warnings because of superstorm san >> dispute forcing bay area -- >>> welcome back. check out last three hours on live doppler, quiet radar returns over the ocean is the beam shooting into the clouds nothing is talling but moist with mist hanging in the -- nothing is falling but moist with the mist
president obama to intervene. a ten-day lockout at west coast ports back in 2002 cost the nations economy about $1 billion a day. union say their jobs are being outsourced to other countries. some cargo ships will divert to other ports including oakland. >>> same sex couples in california are eagerly awaiting news from the united states supreme court that could come as early as today. ktvu alison burns is in our washington, d.c. newsroom with what the justices will be deciding. >> reporter: the justices will meet behind closed doors to decide whether they will take up several challenges to gay marriage laws. including california ease ban on same sex marriage proposition 8. supporters are hoping the court will let a lower court decision stand that ruled prop 8 unconstitutional. san francisco city attorney tells us if that happens couples could marry almost immediately. >> atake a great deal of pride on behalf of -- i take a great deal of pride on behalf of this office. we look forward to a court ruling that would make whatever happens that would expedite the process of instituting marriage
sandy. it's had more impact on the economy. >> yeah. americans cut back on spending last month and their income stayed flat and with more on that let's join ashley morrison of cbsmoneywatch.com. she's in new york city. ashley, are you there? good morning. >> reporter: good morning, frank and michelle. yes. we're keeping our eye on the "fiscal cliff" this morning and the markets are changing as we speak. but earlier this morning asian markets rallied on gains by exporters and year end buying. tokyo's nikkei gained .5% to close out a 7 month high while hong kong's hang seng also rows .5%. >>> on wall street, stocks ended modestly higher on homes of a budget deal and on encouraging economic reports. dow was up 36 on thursday. the nasdaq finished 20 points higher. >>> and president obama presented his plan to avoid the "fiscal cliff" to members of congress. the $4trillion plan includes $1.6 trillion in new taxes on upper income americans. $400billion in cuts to medicare and other entitlement programs. $50billion in stimulus spending and the end of congressional control over the deb
shaky economy we are seeing now. what i feel bad for those employees are the shoppers come in at 3 a.m. to ride the ferris wheel after enjoying the city a little too much. >> they are beating the crowds. >> people like us. >> that's true. [ laughter ] >> ashley morrison of cbsmoneywatch.com, thank you. >>> all right. time for a little weather and finally we can say hey, no rain or not a lot. >> no rain today. we have some more coming but i want to show you some impressive storm totals we had in a couple of minutes over the last few days. but outside right now, it is quiet. high-def doppler radar is showing you, yup, no raindrops out there right now. and likely it will stay that way all day long. that's the first time we have been able to say that in some time. but there's another storm there in the pacific that's going to be come our way of temperatures out the door right now, you have a lot of clouds outside. 41 degrees chilly in santa rosa. 44 san jose. 49 degrees in san francisco. how about the storm totals? boy, what a series of storms we have from wednesday through sunday. here
the economy. the "institute for supply management" says, manufacturing in the u-s shrank last month. meantime, on wall street today.. points to fall below 13- thousand. the nasdaq also fell..down eight -points.. and the s-and-p 500 lost close to seven. >> watching today's winners and losers with our financial expert, rob black u.s. auto sales. >> with hurricane sandy they can go out and purchase new. still, we are above 14.4 million. we are near 15 million. sales of gm are up 3.4% a bit weaker than expected. for was a 6.5% at toyota was up 70.2 percent, chrysler up to buy 40% your financing it has loosened up a little bit we of the oldest fleet in the nation. so car buying. chrysler was up by-14% and toyota was up 70%. >> singapore airlines is a toyota-17-- >> this is not fortune america. this is for more european and cities. this is not for urgent america. to gain access to the european union i understand it that this is a way for delta to benefit and expand more international flights. >> lindsey lohan and the irs? >> yes, do not mess with the irs. her tax bill, and charlie sheen and help
rates, the economy, and public safety. the top three videos came from saint ignatius high school, the academy the arts and science and lincoln high school. >>> inmates in the south bay are using their woodworking skills to put smiles on kids' faces this holiday season. the santa clara county sheriff's office and the department of corrections donated 350 toys to the toys for tots program and they were all made by elmwood facility inmates in milpitas. they range from a car to those rocking horses. >> definitely i would love to have kids see that i have put, you know, toys together for them and, you know, just good seeing those things go out to them. >> over the last 12 years, elmwood inmates have made more than 3,000 toys for children. >>> and coming up in our next half hour, emergency services on the chopping block. the bay area city that could lose its only fire station. >> on the 8th day of the port strike in southern california, new action to try to put an end to it. >> he's making cynical comments, like filthy comments. >> then the target worker got hit by a comedian the othe
that the united states economy grew 2.7%. business stock piles were bigger. so were the export sales which helped off set weak consumer spending. they are warning growth will slow again in the current quarter, that's because of the problems of sandy and the worries about 9 possibility of a big tax hike in january. >>> the epa is temporarily banning bp from getting any new contracts with the united states government. the epa said it's because of pb's lack of business integrity stemming the explosion and oil spill back in april of 2010. you remember 11 people were killed in that. almost 200 million-gallons of oil spilled into the gulf of mexico. two weeks ago bp agreed to plead guilty to criminal charges. also pay $4 billion in fines. >>> there is a new share older lawsuit over hp's purchase of a british software company. it's claiming that they all missed several red flags about the thing practices. hp shares fell to a ten year low last week after the company announced an almost 9 billion- dollar write down on its acquisition. >> vallejo police are investigating two more suspicious fires, that ma
the fiscal cliff and get the economy back on track. but he says it's going to take some sacrifice. here's a look at the president shaking hands with business leaders about 15 minutes ago and he's calli for tax increases on the wealthiest americans and an extension of tax rates for the middle school. talks have fallen apart in recent days. but the president insists he's working with republicans to try to get a deal. republicans are willing to cut -- >> reporter: republicans are willing to cut loopholes. here's what john boehner said. >> the revenues being put on the table are gonna come from guess who? the rich. >> reporter: republicans say it's clear to them that president obama is not serious about negotiating. reporting live from washington, d.c., alison burns, ktvu channel 2 news. >>> 8:17. we asked some people in the bay area whether they think the president and congress will reach an agreement on the fiscal cliff by the end of the year. >> they both have this position that they are not willing to back down from. i don't think they will reach it. >> i'm hoping and praying that they
that could be great news for the u.s. chi. >>> and john mcafee arrested -- economy. >>> and john mcafee arrested. ll. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12 years. aids is strong. aids is strong. but we are stronger. and aids... ♪ aids is going to lose. aids is going to lose. ♪ >>> well, stocks are up slightly on wall street. they've been bouncing back and forth a bit this morning, following news that europe will hold off on economical stimulus measures and unemployment benefit applications dropped last week with is consistent with moderate hiring and showing the impact of supersandy is over. the dow is currently up 5. nasdaq is up 10 and the s&p up 1. one stock to watch today is apple. checking right now, apple stock is up nearly 1% right now. it lost 6.4% of its value -- of its value yesterday. on another note, tim cook says apple will produce one of its existing lines next year. earlier this week, i fix it said it's
costco. warning the economy could suffer greatly if lawmakers can't get a deal done. he proudly flashed his store membership card. >> i went to get my wife's card, she said no, no, no, get your own. >> reporter: according to sources at the white house and on the hill, treasury secretary geithner offered a plan that includes $1.6 trillion in new taxes and $400 billion in spending cuts. it is essentially the budget proposal from last year, a plan republicans called a nonstarter. you can expect president obama to take more trips like the one he is making today to try to move the needle on these negotiations. willie? >> kristen welker at the white house. david gregory, moderator of "meet the press." good morning. >> good morning. >> if looking for reason to be optimistic a deal will be done, yesterday was not your day. by most accounts, treasury secretary tim geithner laughed off capitol hill literally by mitch mcconnell, john boehner says the white house offer is not serious. is this a breakdown in negotiation or the first steps in what will be a month of negotiation? >> the worst thing to
that lending dollars which is blood of our economy. they're taken smaller losses and they are increasing their income from their debts. >> a kettle losers is facebook agreed to pay $2 million to users which will be $10 each in settlements. this will basically go to the appetizers advertisers. th'l you will get is $10. i thought maybe that would give me facebook credit. >> privacy is a big issue and especially when you are on line. when i talk to high-school students i tell them not to postings on facebook because a person like me will not hire you. >> they do not rely set their digital footprints will follow them for the rest of their lives. the things that you did when you were 16 will follow you. >> ok another loser, is the new air jordan sneakers are getting absolutely destroyed. it has a zipper stock like a feature. michael jordan is stating that he wanted to sneak up on his opponents but to me it just looks poorly designed. $250 for the issue. >> i guess it's okay if you want to be like mike. >> the time now is 917 and will take a look at weather. >> there is light grain and we are
and they weren't allowed to go in. >> throw the journalists back in economy. >> well, some of them deserve to be. >> right. >> justin bieber, remember the woman who accused him of having a baby with her. this is back up again. >> paternity is back. it was supposedly settled. now the attorneys are saying that they still do not have the dna test that justin said he did. so it came back to that. >> where is that test? >> the test, has it been done yet? >> he was on the road, the world tour and said he did it and took off. >> no one knows where the dna test is. so apparently, it hasn't been settled. >> and that child is in this world. >> yes, it is. >> thank you, chase. >>> secrets to losing that stubborn belly fat. fit 'em in my budget. well, with the walmart credit card special financing offer, you can get the sony blu-ray home theater system with wi-fi and the high zoom cyber-shot camera with full hd. look at you, spreading some christmas joy! my cart's kinda full. mind holding these? sure. you know what, muscle man, me and you together, we can knock this christmas thing out. this way, sweetie. [
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